See how long it will take to reach your savings goal.
Illustrative rate
Deposit frequency
It will take
3 years, 2 months
- Total deposits
- $47,675
- Total interest earned
- $2,325
- Total savings
- $50,000
Yr 4
Deposits$47,675
Savings balance$50,000
Calculator results are indicative estimates only and do not constitute a finance quote, offer, approval or financial advice. Actual repayments, rates, fees and loan terms depend on the lender, product and individual circumstances.
How the how long to save figures are worked out
- 01
Enter what you have saved, your goal and how much you can put away each week, fortnight or month.
- 02
Interest is added as you go, so you reach the goal a little sooner than with deposits alone.
- 03
The last deposit is only what is needed to reach the goal.
Calculator results are indicative estimates only and do not constitute a finance quote, offer, approval or financial advice. Actual repayments, rates, fees and loan terms depend on the lender, product and individual circumstances.
- SavingsSee how much you can grow your savings with regular deposits and interest.
- Compound interestSee how much your savings can grow over time, compounded yearly, monthly or daily.
- Savings goalWork out how much you need to deposit regularly to reach a savings goal by a set date.
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